Andiamo Corporation (PINK: ANDI), through its subsidiary, Action App Corporation, is set to release 28 Apps each of which will be offered as a lite and pro version.
Online PR News – 05-October-2011 – – Currently, 10 of the Action Apps are in the top 100 of their respective categories on iTunes. With their proprietary back end database, Action App is able to cross market their Apps to drive more downloads from their existing user base. Their Apps have been downloaded over 9.2 million times and have been updated by their users over 10 million times.
For the last two trading days, Oct.3 and Oct. 4, Andiamo Corp more than doubled its value, i.e from $0.001 to $0.0021. The giant surge was accompanied by a huge volume spike as well. First, 58 million shares changed hands on Tuesday, marking a five-fold improvement over the previous trading session. Then, ANDI shifted almost 64 million shares yesterday, hitting a record high since Jul. 18.
Although the idea mentioned above has yet to become a reality, ANDI stockholder must have got overly enthusiastic about it. As it is, a third party stockholder has invested a staggering $280 thousand to raise the hype about ANDI and pump the company’s stock as high as possible.
"Our goal is to continue developing Apps from existing cash flow. We have a solid base and have proven our ability to monetize the Apps. You never know when the next App will go viral," added Secor, CEO of the company.